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It is an inter-disciplinary field that requires expertise from business management, resource management, statistics etc. Access to organized and structured form of information yields a lot of opportunities for businesses- it not only saves time from researching and organizing information collected from eclectic sources,

but it also facilitates in making the decision process easier and less time consuming. The aim of this paper is to explore the role of effective management skills in libraries, information systems and virtual teams, specifically those operating in the construction industry. The paper discusses how each one is managed, and gives an overview of funding and marketing in library and information systems.

Information systems, abbreviated as IS, is the department that is in charge of the management of computers, data and networking. It can be of different types depending on the needs of the business and the level of organizational hierarchy. They can be either structural databases or software to manage information. An information system is responsible for the compilation of date so that it becomes meaningful information. Information and data differ in the respect that data is raw facts whereas information is the end product of the process of transformation of data into a more organized and meaningful form. Information helps a firm evaluate and make decisions. The assessment of a firm’s management apropos to the efficient and profitable use of firm’s resources is usually made on the basis of economic performance obtained from information on periodic earnings (Epstein et al., 2009).The value and worth of information affects the decisions of the organization and profoundly influences the achievement of the aims of the company. Good information is relevant, usable, reliable and exhaustive. Since information helps companies make decisions and put it into action,

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